Trade
Imports
Thailand prioritises border trade
The Thai government is revving up efforts to tackle hurdles to border trade as it aims to achieve 1.5 trillion baht worth of cross-border business this year. Commerce Minister Apiradi Tantraporn, who chaired a panel handling border trade and investment promotion, said the priority is to facilitate ...
Vietnam draft decree on sea freight transparency worries foreign shipping lines
Several foreign logistics companies have expressed concern about a proposed government decree requiring shipping companies to publicize their freight tariffs to protect exporters and importers, the media reported 21 September. Switzerland-based MSC, French-owned CMA-GM, and Singaporean-owned APL-NOL voiced their opinion through London-headquartered law firm Freshfields Bruckhaus ...
Vietnam to lose $77 million of tax revenue each year due to free trade pacts
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties. Keep reading ...
TPP trade talks appeal, says Somkid
Thailand is interested in joining the controversial Trans-Pacific Partnership (TPP) trade pact being touted by the United States, but needs to study the terms and conditions of the new trade bloc first, Deputy Prime Minister Somkid Jatusripitak says. Keep reading ...
Myanmar border trade tops $2.4bn
Trade between Myanmar and its four neighbouring countries has reached US$2.48 billion (85 billion baht) in the financial year to date, a Myanmar Commerce Ministry official said. Keep reading ...
Tycoon to the rescue as cheaper China floods Vietnam's economy
Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War. The construction mogul has amassed a war chest of tens of millions of dollars to fight for greater independence for Vietnam’s economy ...
US companies bullish on ASEAN business outlook, survey finds
American companies based in the region remain generally optimistic about business prospects for the 10 markets of ASEAN. The findings came in the annual ASEAN Business Outlook Survey by the United States Chamber of Commerce and the American Chamber of Commerce Singapore (AmCham). Keep reading ...
Chinese steel may flood Vietnam market
After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese market, causing difficulties for them. Vice-Chairman of the Vietnam Steel Association Nguyen Van Sua said although in recent years, the local steel ...
China, ASEAN to strive to end talks on upgraded FTA
Chinese Commerce Minister Gao Hucheng said on 23 August that both China and ASEAN have agreed to strive to bring to an end their negotiation on an upgraded version of the China-ASEAN Free Trade Area before the end of this year. “Progress has been made in ...
Japan charts road to industrialization for Mekong region
Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint on 24 August to boost industrialization in the subregion. The blueprint, known as “The Mekong Industrial Development Vision,” got the thumbs-up during a meeting between Japan’s Minister for Economy, Trade and Industry Yoichi ...
